Monday, May 27, 2024

Square May Make Hardware Wallet for Bitcoin

Square CEO Jack Dorsey has said his company may make a hardware wallet for Bitcoin.

Bitcoin, and cryptocurrency in general, is achieving widespread acceptance. Many companies are beginning to accept crypto, and financial institutions are looking for ways to support it. Square is already a well-known payments processing company, and has a number of hardware dongles to make it easy to accept payments via a phone or tablet. 

The company may soon make a hardware wallet for Bitcoin, with the goal of bringing that same ease-of-use to managing Bitcoin holdings. According to Dorsey’s tweet, the company would focus on community engagement when designing both the software and hardware, and prioritize a good mobile experience.

An easy-to-use hardware wallet could be just want’s needed to help revolutionize Bitcoin management, much as Square helped revolutionize mobile payments.

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